Is bitcoin painting a Head & Shoulders pattern ?

Hello everyone,

nothing serious here. Not even a "real" technical analysis but a bunch of speculation, because TA doesn´t work anyways :D

I think that Bitcoin is currently forming a Head & Shoulders pattern on 4h and we can see a further correction.
Very offten a bull trap happens after such formation before the real sell off starts so this chart is just for paper trading / tracking of such situation.

Lets wait and see how this will play out in upcoming days.

Do not hesitate to leave a comment what you think is comming next or what are your thoughts about current H&S pattern formation.


ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.

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액티브 트레이드:

soon buy opportunity

거래청산: 타겟 닿음

코멘트:

So far a healthy 50% retracement. RSI reseted well, weak hands shaken.

코멘트:

Lot of shorts have been closed in this trap drop

거래청산: 타겟 닿음:

코멘트:

Lot of shorts closed, moon mission restored

매매 수동청산